secwatch.observer — SEC 8-K summary
======================================

Issuer:     PENSKE AUTOMOTIVE GROUP, INC. (PAG)
CIK:        0001019849
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001019849-23-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Penske Automotive Q1 net income down 19% to $298.3M, revenue record $7.3B
-------------------------------------------------------------------------

- Net income $298.3M, EPS $4.31, down 19% and 9% YoY respectively.
- Revenue record $7.3B, up 5% total; up 9% excluding $294M negative FX impact.
- Same-store service & parts revenue up 10% in retail auto, 11% in commercial trucks.
- SG&A as % of gross profit improved 140 bps sequentially to 67.5%.
- Repurchased 0.9M shares for $110.2M; Board added $250M buyback authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1019849/000101984923000064/0001019849-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1019849/000101984923000064/pag-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001019849-23-000064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer